Saudi Oil Minster23 May 2023 13:57
Saudi oil minister Prince Abdulaziz bin Salman on Tuesday told market speculators to “watch out,” reiterating his warning that they could face pain ahead.
“Speculators, like in any market, there are there to stay. I keep advising that they will be ouching. They did ouch in April. I don’t have to show my cards, I’m not [a] poker player (…) but I would just tell them, watch out,” he said at the Qatar Economic Forum.
OPEC+ is next set to convene at a ministerial level on June 4 to decide further production policy steps.